RBNZ could impose DTIs on mortgage lending from July

The earliest the Reserve Bank is likely to impose debt-to-income (DTI) restrictions on bank mortgage lending is July this year, the central bank says in its latest financial stability report (FSR).

Defendant pleads guilty in mortgage fraud scheme

One defendant pleads guilty in a multiple million dollar mortgage fraud scheme.

Lending for low deposit mortgages rises

Half of the mortgages written by Christchurch-based New Zealand Mortgages are for buyers with a 5% deposit.

Having a say on draft banking report

The Commerce Commission will hold a consultation conference on the banking competition draft report in Auckland on May 13.

Today's Rate Changes

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Property News

Rate cuts needed to lift mood

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Top Mortgage Rates

Unity First Home Buyer special 6.55
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
TSB Special 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
SBS Bank Special 7.24
AIA - Go Home Loans 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
AIA - Go Home Loans 6.75
TSB Special 6.75
Westpac Special 6.75
ICBC 6.75
ASB Bank 6.75
China Construction Bank 6.75
Co-operative Bank - Owner Occ 6.79
Unity 6.79
SBS Bank Special 6.19
AIA - Go Home Loans 6.39
Westpac Special 6.39
ASB Bank 6.39
China Construction Bank 6.40
ICBC 6.49
BNZ - Classic 6.55
Kiwibank Special 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
AIA - Back My Build 6.19
SBS FirstHome Combo 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Standard 8.40
Co-operative Bank - Owner Occ 8.40
First Credit Union Standard 8.50
Kiwibank 8.50
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People News

Liberty appoints new South Island BDM

Liberty appoints new South Island BDM

Former mortgage adviser joins Liberty as a Christchurch-based business development manager.

Loan Market adds national director to supercharge adviser growth

Loan Market adds national director to supercharge adviser growth

New leader for Loan Market in New Zealand.

Advice Link gets new head

Advice Link gets new head

NZHL Group appoints head of distribution and product development for Advice Link as it eyes further expansion.

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KiwiSaver News

Best and worst KiwiSavers according to Consumer

Best and worst KiwiSavers according to Consumer

Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey.

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Gender pay gap and not contribution rates disadvantage women on KiwiSaver

Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less.

Bayly will talk to coalition partners before any change to KiwiSaver

Bayly will talk to coalition partners before any change to KiwiSaver

Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play.